Chinese Bitcoin Miner Eyes IPO, Prefers to List Outside Mainland

Co-chairman Jianping Kong did not provide any details on a possible time frame for the IPO or how much the company expected to raise.

A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica, California, U.S. (File Photo: Reuters)

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Hong Kong: China's Canaan Creative, one of the world's largest crypto-currency mining equipment makers, said on Friday it is considering an initial public offering (IPO) and would prefer to list outside mainland China.

Co-chairman Jianping Kong did not provide any details on a possible time frame for the IPO or how much the company expected to raise.

Hangzhou-based Canaan has seen a surge in demand for its mining machines amid a global boom in crypto-currencies, with the price of bitcoin jumping more than 1,300 percent in 2017.